(1) Tobacco product wholesalers shall keep and maintain records at their place of business of all tobacco products furnished or sold to retailers. These records must contain the following information:

(a) name and address of each retailer;

(b) date the tobacco products were sold;

(c) date the tobacco products were delivered;

(d) item or items sold or furnished; and

(e) retailer cost per item.

(2) Commercial records or invoices may be used if they contain the information listed in (1)(a) through (e).

(3) Tobacco product retailers, including a retailer acting as a tobacco wholesaler, shall keep and maintain records at their place of business of all tobacco products furnished or sold to consumers. The records must contain the following information:

(a) name and address of each wholesaler;

(b) date the tobacco products were purchased; and

(c) balance of product inventory.

(4) The department may inspect all records in accordance with the provisions of ARM 42.2.305.